NWTN (NWTN) ROCE % : -37.49% (As of Jun. 2023)

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What is NWTN ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. NWTN's annualized ROCE % for the quarter that ended in Jun. 2023 was -37.49%.

NWTN ROCE % Historical Data

The historical data trend for NWTN's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NWTN ROCE % Chart

NWTN Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-35.59

NWTN Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-	-	-	-58.22	-37.49

NWTN ROCE % Calculation

NWTN's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-41.214	/	( ( (13.9 - 69.388)	+	(350.207 - 63.131) )	/ 2 )
	=	-41.214	/	( (-55.488	+	287.076)	/ 2 )
	=	-41.214	/	115.794
	=	-35.59 %

NWTN's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-96.608	/	( ( (350.207 - 63.131)	+	(301.263 - 72.898) )	/ 2 )
	=	-96.608	/	( ( 287.076	+	228.365 )	/ 2 )
	=	-96.608	/	257.7205
	=	-37.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

NWTN (NAS:NWTN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

NWTN ROCE % Related Terms

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NWTN (NWTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NWTN Inc (NAS:NWTN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, ARE

Website

https://www.nwtnmotors.com

NWTN Inc is a pioneering smart electric vehicle company which aims to integrate avant-garde design, life-style personalization, IoT connectivity, and autonomous driving technology into a passenger-centric green premium mobility solution to the world.